How often have you bought something from a retail store and had second thoughts about it when you got it home? I think most of us have done that once or twice, no?

Maybe it didn't fit right, the color was wrong or you decided you just shouldn't have spent the money. So, what do you do? You return it for a refund, right? After all, you have a right under the law to return a purchase for a full refund, correct?

The answer to that question might surprise you.

The truth is, you have no such right under Massachusetts law. Most retailers will allow you to return items and refund what you paid for them, usually within a period specified on the receipt at the time of the purchase.

They don't have to do that.

According to the Massachusetts Office of Consumer Affairs and Business Regulation, "contrary to popular belief, there is no set law about return policies in Massachusetts."

Massachusetts Law About Returns And Refunds Might Surprise You
Getty Images

Retailers generally allow returns and refunds because it keeps customers happy and coming back, even though it can hurt the bottom line. It's good customer service.

Consumer Affairs says, "As long as a product is not defective, a store can have any return policy they want so long as it is disclosed somewhere in the store and you have a chance to read it before buying your product."

Massachusetts law requires retailers to accept defective merchandise for return, "regardless of any policy," and "you must be given the option of a repair, replacement item, or refund of the price."

A store has a right to offer a merchandise credit rather than a refund when you return an item. You have at least seven years from the date of issuance to use the credit.

A salesperson cannot misrepresent the store's return policy to get you to buy something.

15 Things You Absolutely Cannot Return When Buying on Amazon

While it's easy buying stuff from Amazon from the comfort of home, getting items that can't be returned can cause some serious headaches. Here are 15 things you absolutely cannot return when they are bought through Amazon.

Gallery Credit: Rob Carroll

Goodwill Stores in Massachusetts Will Not Accept These Items

There are plenty of items that Goodwill and other thrift stores will gladly accept, but here are 16 items they will definitely turn down.

Gallery Credit: Maddie Levine

How Many of These Iconic Mall Food Court Restaurants Do You Remember?

From retro favorites to the icons that are still serving customers today, take a walk down memory lane with our roundup of the most iconic mall food court restaurants of the '80s and '90s.

Gallery Credit: Meg Dowdy

More From WBSM-AM/AM 1420